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22 January 2025 | 56 replies
Some of it is luck or taking advantage of opportunities (eg low interest rates).
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6 January 2025 | 8 replies
You have to buy very low to make any money on the project.
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19 December 2024 | 10 replies
One of the biggest risks I observe with flips and first time investors are instances where the project goes over budget or gets stuck in mud, can't sell and even worse the borrower doesn't have the credit profile to refinance out to a lower interest lending source if borrower is required to hold the property as a rental.
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12 January 2025 | 20 replies
The risk for investors became low enough for them to be really interested in the project.
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7 January 2025 | 9 replies
Here are a few things that I like about the neighborhoods in Indy compared to other states: high rent-to-home-value ratio, consistent and gradual city development, relatively low property tax and insurance cost, affordable renovation service cost.From my experience, it's possible to find deals that meet 1% rule if you invest in *turn-key* duplex or SFH here, but they are harder to find, and could potentially slow down you from scaling up.
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3 January 2025 | 12 replies
If you want to put down a low down payment, you might not cash flow for a few years.And FHA for 3-4 units is almost impossible.
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30 December 2024 | 1 reply
It's a combo of low housing supply, higher interest rates vs. seller expectation, and a poor economic outlook for the country.As an investor with a few rentals it's like like the parking brake is stuck on.
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21 December 2024 | 2 replies
I believe that all you need to do here is get a link to your profile (which you can find by navigating to your profile by clicking on your photo), then copy and paste that link into the FB group.
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2 January 2025 | 53 replies
That protects you from having to sell to low.
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31 December 2024 | 3 replies
You can go as low as 2.5x in some cases but NJ tends to produce enough traffic/applicants where 3x should be minimum unless property is over priced.